As of 2024, South Korea leads R&D expenditure in Agricultural and Veterinary Sciences with USD 765.2 million, showcasing a consistent growth trend. Notable year-on-year variances include Poland’s 5.85% growth and Portugal’s substantial 17.25% increase. Conversely, Taiwan faced a slight decline, and Russia observed a significant 26.93% decrease. Over the past five years, countries like South Korea and Poland have maintained robust growth, while nations like Latvia have recently shown a marked upward trajectory. Conversely, challenges persist for Russia and Romania.
Future trends to monitor include increased investments in technology-driven agricultural solutions, sustainability-focused R&D, and the impact of geopolitical shifts on funding allocations. Cross-border collaborations and innovation in veterinary sciences are also expected to rise, driven by the need for resilient food systems and animal health improvements.
Top countries in Business Enterprise Expenditure on R&D in Agricultural and Veterinary Sciences by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 765.2 | 2023 | +6.07% | +5.68% | View data |
| 2 | 2 Canada | 365.37 | 2023 | +1.14% | +1.57% | View data |
| 3 | 3 Singapore | 349 | 2023 | +3.82% | +4.83% | View data |
| 4 | 4 Poland | 299.94 | 2023 | +6.35% | +5.85% | View data |
| 5 | 5 Chile | 178.73 | 2023 | +3.58% | +3.97% | View data |
| 6 | 6 Hungary | 145.5 | 2023 | +8.78% | +3.42% | View data |
| 7 | 7 Portugal | 132.03 | 2023 | +13.26% | +17.25% | View data |
| 8 | 8 Taiwan | 119.91 | 2023 | +2.35% | -2.24% | View data |
| 9 | 9 Czech Republic | 49.92 | 2023 | +0.12% | +1.96% | View data |
| 10 | 10 Slovenia | 28.03 | 2023 | +34.36% | +22.19% | View data |
